target audience: TECH SUPPLIER  Publication date: Jul 2024 - Document type: Market Perspective - Doc  Document number: # US51716724

Utilities Asset Operations Quarterly Update: April-June 2024

By:  Gaia Gallotti Loading

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Table of Contents


  • Executive Snapshot

    • Figure: Executive Snapshot: Utilities Asset Operations Quarterly Update, April–June 2024

  • New Market Developments and Dynamics

    • Situation Overview

    • Renewables

    • Hydrogen

    • Electric Vehicles (EVs)

    • Business Environment, 2Q24

    • Figure: Worldwide Real GDP Growth Forecasts by Region, 2024

    • Demand and Prices

    • Oil Prices

    • Figure: Brent Oil Price and WTI Crude Oil Price Trends 12-Month Hindsight, July 2023–June 2024

    • Indicators of Renewable Performances on Financial Markets

    • Figure: NASDAQ Clean Edge Green Energy Total Return, July 2023-June 2024

    • Listed Utilities Performance

    • Figure: Dow Jones Indexes, July 2023-June 2024

    • M&As, Agreements, Reorganizations, and Major Business Developments, 2Q24

    • Octopus Energy Group, Energisa to Empower Brazil's Energy Clients

    • Enel Sells 49% of Italian Storage Business to Sostoneo

    • Ørsted to Divest its French Onshore Business to ENGIE

    • South Africa's Decoupled Transmission Company Starts Trading

    • U.K. Innovation Project Assesses Thames-to-Grid Tech

    • EDF Unveils Decentralized Quantum Datacenter in Canada

    • Brookfield, Microsoft to Deliver Over 10.5GW of New Renewable Power Capacity Globally

    • AWS Acquires Datacenter Campus From Talen Energy

    • Estonia's Enefit to Develop New Power Forecasting Model

    • New Financing Deals, 2Q24

    • EU Modernization Fund Disburses $3.2 Billion for Grid Upgrades, Renewables

    • EIB, Snam Sign Financial Agreement for Energy Efficiency

    • EBRD Supports Italy to Tunisia Interconnector With $49 Million Package

    • World Bank Supports Armenia With $40 Million for Transmission Modernization

    • U.K. Awards $108 Million for Offshore Wind Testing Facility

    • CEC Selects EnergyHub to Expand Virtual Power Plants in California

    • Major Renewables Infrastructure Projects, 2Q24

    • New York's Offshore Wind Farm Gets the Green Light

    • Ørsted to Develop Offshore Wind Projects in Australia

    • Ørsted Installs Siemens Gamesa Turbine at Borkum Riffgrund 3 in Germany

    • Ørsted Constructs Combined Wind and Solar Project in Texas

    • GE Vernova Invests in Xlinks Morocco–UK Power Project

    • India's NHPC to Implement Floating Solar Technology

    • SP Energy Networks Selects Hitachi Energy to Boost Renewable Energy Flow

    • Sweetch Energy, Rockwell Optimize Electricity Generation Technology

    • Major Green Hydrogen Projects, 2Q24

    • Origin, Orica Win Permit for 55MW Electrolyzer Project in NSW

    • Green Hydrogen Plant Opens at Reichenau Hydropower Station

    • Smart Meter and Smart Grid Initiatives, 2Q24

    • DTEK Partners With Schneider Electric on Ukrainian Grid Modernization

    • South Africa's Cape Town Plans $213 Million Grid Upgrades

    • Three Ohio Utilities Set for Additional 1.4 Million Smart Meters

    • 500,000 Smart Prepayment Meters for Bangladesh

    • E.ON Installing 165,000 Smart Meters in Hungary

    • PVVNL, MVVNL Joins RMC Switchgears for Smart Metering

    • Puerto Rico Gets 1.4 Million Smart Water Meters

    • South Africa Chooses Sigfox for Smart Water Meter Support

    • Tantalus Systems to Modernize Grids across Three U.S. States

    • SUEZ, Vodafone to Implement 2 Million NB-IoT Smart Water Meters by 2030

    • Major Flexibility, EV, and Battery Energy Storage Projects, 2Q24

    • Ørsted Plans Tesla Battery for Hornsea 3 Offshore Wind Farm

    • Octopus Energy Group, Gresham House Sign Battery-Leasing Deal

    • Schneider Electric, AVEVA Partner With IN-CORE Systèmes for EV Batteries

    • RPC, Altea Green Power Partner on 1GW Battery Storage Pipeline

    • TotalEnergies to Develop Second Flexible Battery Project in Belgium

    • Nuveen, Exus to Develop 800MW Italian Battery Projects Portfolio

    • Enel X, Digital Realty to Support Ireland's Renewable Energy Transition

    • ORLEN Invests in Ultra-Fast Charging Stations

    • Megawatt Charging System From Siemens Delivers 1MW Charge

    • Ostrom to Establish VVP in Germany With be.storaged

    • GridBeyond Battery, EMS to Prop U.K. Glass Facility for Grid Support

    • Major IT Ecosystem, IT Contract, IT Product Announcements, 2Q24

    • IFS Acquires Copperleaf Technologies

    • Capgemini to Acquire D+I in Australia

    • Cognizant to Acquire Belcan for $1.3 Billion

    • Capgemini, Schneider Electric Collaborate to Help Companies Achieve Energy Optimization

    • Equigy, Capgemini to Develop Efficient Energy System Across Europe

    • Kaluza Strengthens Relationship With AWS

    • ABB, Cleanwatts to Accelerate Intelligent Energy Management in Communities, Buildings

    • Itron, VODA.ai Launch AI-Driven Pipe Management Tool

    • Hong Kong PolyU Establishes Grid Modernization Research Centre

    • Gasunie Improves the Dutch Energy Sector With Microsoft Intelligent Data Platform

    • National Grid Partners With Electron to Maximize Flexibility Participation

    • Ghana Water Limited Selected Microsoft for Digital Transformation

    • DEWA Launches Smart App on Apple Vision Pro AR/VR Headset

    • Siemens Smart Infrastructure Launches Electrification X

    • Honeywell Introduces Honeywell Forge Performance+ for Utilities

    • Xylem Introduces New Mobile Technology to Meet Drinking Water Filtering Demands

    • Utilities and GenAI, 2Q24

    • TotalEnergies to Deploy Generative Artificial Intelligence for its Employees

    • Uniper Launches Microsoft AI Assistant Copilot for All Employees

    • Cognizant, Microsoft Partner to Expand Adoption of Generative AI in the Enterprise

    • TCS Launches WisdomNext GenAI Aggregation Platform

    • Enerjisa Üretim Unleashes Employees' True Potential With Microsoft Copilot

  • Advice for Technology Suppliers and Services Providers

  • Learn More

    • Related Research

    • Synopsis